Global Ideas

Russian (RSX, quote) stocks in US afternoon trading have caught fire as the outcome from the Geneva discussions shows some tangible progress beyond merely a constructive tone that was all markets could have expected to gain from the event.

Chinese internet stocks remain well bid as earnings for single stocks continue to support the entire space. The Emerging Money Chinese Internet Index has moved to another all-time high +4.1% as VipShop (VIPS, quote) and other ecommerce names are delivering on growth expectations.